Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 13.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,952 shares of the software company's stock after selling 1,092 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Autodesk were worth $1,820,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Investment Management Corp VA ADV purchased a new stake in Autodesk during the fourth quarter valued at $29,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Autodesk in the 4th quarter worth about $30,000. Hurley Capital LLC purchased a new stake in shares of Autodesk during the 4th quarter valued at about $44,000. CoreCap Advisors LLC raised its position in shares of Autodesk by 212.0% during the 4th quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock valued at $46,000 after buying an additional 106 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Autodesk by 30.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock valued at $46,000 after acquiring an additional 41 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Insider Activity at Autodesk

In related news, EVP Rebecca Pearce sold 2,544 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $305.00, for a total transaction of $775,920.00. Following the sale, the executive vice president now owns 25,801 shares of the company's stock, valued at $7,869,305. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 3,087 shares of company stock valued at $936,607 over the last ninety days. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ADSK shares. Robert W. Baird increased their price target on Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Royal Bank Of Canada reissued an "outperform" rating and issued a $345.00 target price (up previously from $313.03) on shares of Autodesk in a research note on Friday, May 23rd. JPMorgan Chase & Co. lowered their target price on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Mizuho dropped their price target on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Stifel Nicolaus upped their price target on shares of Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $340.45.

Autodesk Stock Up 0.1%

Shares of ADSK traded up $0.20 during midday trading on Friday, reaching $305.13. 1,703,006 shares of the stock were exchanged, compared to its average volume of 1,479,119. The company has a market capitalization of $65.30 billion, a P/E ratio of 65.34, a PEG ratio of 2.94 and a beta of 1.45. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52 week low of $223.03 and a 52 week high of $326.62. The company's 50 day moving average is $290.57 and its two-hundred day moving average is $285.27.

Autodesk Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.